ISLAMABAD: The Government has taken a number of steps to enhance country’s exports of cotton products.
Under Textile Policy 2015-19, an amount of Rs 64.15 billion will be spent on the textile sector to double the exports of textiles and clothing sector from the existing thirteen billion to twenty-six billion dollars, Radio Pakistan reported.
In order to reduce cost of doing business, the Government has already reduced the electricity tariff by three rupees for the industrial units.
The availability of affordable finance for the export sector has considerably improved as a result of measures taken by the Government.
Duty free import of textile machinery is continuing during the current financial year.
A technology upgradation fund scheme for the textile sector has also been formulated to help boost exports of textile products.
